Properties (Tables)

3 Months Ended

Mar. 31, 2017

Properties

Summary of properties

	Depreciable Life	March 31, 2017		December 31, 2016
Property Segment
Land and land improvements	0 – 12 years	$	387,863	$	385,860
Buildings and building improvements	5 – 40 years		1,295,175		1,291,531
Furniture & fixtures	3 – 7 years		23,677		23,035
Investing and Servicing Segment
Land and land improvements	0 – 15 years		87,245		89,425
Buildings and building improvements	3 – 40 years		199,513		195,178
Furniture & fixtures	3 – 5 years		1,303		1,256
Properties, cost			1,994,776		1,986,285
Less: accumulated depreciation			(56,808)		(41,565)
Properties, net		$	1,937,968	$	1,944,720